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The Latest Breaking News from USDA

Court Blocks Trump's SNAP Reductions, But Stricter Eligibility Rules Begin

The new Supplemental Nutrition Assistance Program (SNAP) rules that went into effect on Saturday will not issue benefits through November due to the government shutdown, according to the United States Department of Agriculture website. The USDA states that Senate Democrats have voted 13 times against funding the program.

Benzinga

Federal judge thanks Trump, orders him to make SNAP payments - Roll Call

A federal judge ordered the administration to make a full payment of monthly food stamp benefits by Monday or a partial payment by Wednesday.

Roll Call

Trump Slammed By Federal Judges In Key SNAP Ruling

Two federal judges on Friday ordered President Donald Trump's administration to resume funding the Supplemental Nutrition Assistance Program (SNAP), directing the use of emergency reserves to keep the nation's largest food aid program running during the ongoing government shutdown.

Benzinga

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Trump asking court how to "legally fund SNAP" after judge's order

Food banks already experienced a surge in people as millions of families prepared for benefits to freeze.

Axios

Hogs Push Higher to Close October

Lean hog futures closed the Friday session with 10 to 45 cent gains, as December was dpwn 62 cents this week. USDA’s national base hog price from Friday afternoon was reported at $84.17, down 57 cents from the Thursday PM report. The CME Lean Hog Index was down another 33...

Barchart

Cattle Pull off Lows into Friday’s Close

Live cattle futures closed with $1.32 gains in the expiring October contract, with other contracts down $1.42 to $2, as December was down $4.25 this week. Cash trade shifted from $230 early in the week to $232 in the north on Friday, with Southern sales near $235. Feeder cattle futures...

Barchart

Uncertainty grows on when Texans will get SNAP benefits as U.S. Supreme Court emergency order blocks full aid

The order will expire two days after an appeals court issues a more permanent ruling on the funding while the Trump administration will continue with partial SNAP payments.

The Texas Tribune

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Oversold Conditions Spark Short Covering in Sugar Futures

March NY world sugar #11 (SBH26 ) on Friday closed up +0.15 (+1.05%), and December London ICE white sugar #5 (SWZ25 ) closed up +1.70 (+0.41%). Sugar prices settled higher on Friday after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures. Sugar prices...

Barchart

Trump administration blocked from suspending Snap benefits for millions of Americans

One judge issued temporary restraining order while another judge ruled the government must continue to fund program that helps low-income households

The Guardian - US

Trump team will partially fund SNAP benefits after judge’s order, USDA tells court

Nearly $5 billion in emergency funds will only cover 50 percent of benefits for November, officials say

The Independent UK

Cattle Resuming Slide Lower on Friday

Live cattle futures are up $1.32 in the October contract ahead of expiration, with other contracts down $2.80 to $3.30. Cash trade has been $230 in the north early this week, with Southern sales near $235. The Friday morning Fed Cattle Exchange online auction showed $236 sales on 134 of...

Barchart

Hogs Trading Mixed at Midday

Lean hog futures ware showing mixed trade on Friday, with contracts 42 cents higher to 30 cents lower in the nearbys. USDA’s national base hog price from Friday morning was reported at $85.41, up 67 cents from the Thursday PM report. The CME Lean Hog Index was down another 33...

Barchart

Technical Short Covering Lifts Sugar Prices

March NY world sugar #11 (SBH26 ) today is up +0.16 (+1.12%), and December London ICE white sugar #5 (SWZ25 ) is up +4.20 (+1.01%). Sugar prices are moving higher today after a three-week slide pushed prices into oversold territory, sparking technical short covering in sugar futures. Sugar prices have...

Barchart

Federal judge directs USDA to pay November food stamp benefits - Roll Call

A federal judge granted a temporary restraining order Friday that would compel the government to distribute food stamp benefits for November.

Roll Call

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Axios

Which states are declaring emergencies over SNAP funding

Several states have said that they can't use their own emergency funds without a guarantee of reimbursement.

Barchart

Cattle Look to Round Out the Week After Selling Dies Down

Live cattle futures posted slight gains in the front months, with the soon to expire October up $3.87. Preliminary open interest was down 1,753 contracts on Thursday. Cash trade has been $230 in the north early this week, with other bids near that and $235 in the South. Other bids...

Barchart

Hogs Look to Friday Trade

Lean hog futures were up a nickel in nearby December and steady to 50 cents lower in other contracts at the close. USDA’s national base hog price from Thursday afternoon was down 79 cents at $84.74. The CME Lean Hog Index was down another 17 cents on October 28 at...

Barchart

Two Key Commodity Questions for the End of October

As another month comes to an end, key questions continue to be asked in the commodity complex.

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Barchart

Hogs Close Mixed on Thursday

Barchart

Cattle Pull Back to Close Mixed

Live cattle futures posted slight gains in the front months, with the soon to expire October up $3.87. Cash trade has been $230 in the north early this week, with other bids near that and $235 in the South. Other bids have been reported at $228-230. The Thursday Fed Cattle...

Barchart

Sugar Prices Sink on Higher Brazil Sugar Production

March NY world sugar #11 (SBH26 ) on Thursday closed down -0.14 (-0.97%), and December London ICE white sugar #5 (SWZ25 ) closed down -3.70 (-0.89%). Sugar prices extended their three-week-long slide on Thursday, with NY sugar posting a 5-year nearest-futures low and London sugar posting a 4.75-year low. Higher...

The Texas Tribune

Gov. Greg Abbott under pressure to use emergency funds for looming SNAP crisis

Democrats say Abbott has used his authority during COVID-19, the Uvalde shooting and border operations to free up emergency funds.

The Guardian - US

New York declares state of emergency to award food banks $65m amid shutdown

Oregon and Virginia also issued emergency declarations to fund food assistance as shutdown imperils Snap benefits

Barchart

Hogs Posting Steady Trade at Midday

Lean hog futures are up 25 cents in nearby December and steady to 50 cents lower in other contracts. USDA’s national base hog price from Thursday morning was not reported due to no volume. The CME Lean Hog Index was down another 17 cents on October 28 at $91.86. USDA’s...

The Independent UK

Former Trump official says the president ‘doesn’t give a s***’ about SNAP as funding set to end

Miles Taylor offers frank assessment of Donald Trump’s alleged indifference as more than 41 million Americans set to go without food stamps because of unresolved government shutdown

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